Global X Cybersecurity ETF (NASDAQ:BUG) Sees Unusually-High Trading Volume

Global X Cybersecurity ETF (NASDAQ:BUG) shares saw an uptick in trading volume on Wednesday . 1,360,330 shares changed hands during trading, an increase of 514% from the previous session’s volume of 221,709 shares.The stock last traded at $28.51 and had previously closed at $28.41.

Global X Cybersecurity ETF Price Performance

The firm has a 50 day simple moving average of $29.48 and a 200-day simple moving average of $28.19. The company has a market cap of $747.55 million, a price-to-earnings ratio of 29.18 and a beta of 0.86.

Institutional Investors Weigh In On Global X Cybersecurity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BUG. Banque Cantonale Vaudoise purchased a new position in shares of Global X Cybersecurity ETF during the first quarter worth $57,000. Geneos Wealth Management Inc. purchased a new position in shares of Global X Cybersecurity ETF during the fourth quarter worth $61,000. CWM LLC boosted its position in shares of Global X Cybersecurity ETF by 595.3% during the third quarter. CWM LLC now owns 2,086 shares of the company’s stock worth $51,000 after buying an additional 1,786 shares during the period. Simplex Trading LLC boosted its position in shares of Global X Cybersecurity ETF by 282.2% during the third quarter. Simplex Trading LLC now owns 2,928 shares of the company’s stock worth $71,000 after buying an additional 2,162 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Global X Cybersecurity ETF by 67.9% during the fourth quarter. Parallel Advisors LLC now owns 5,046 shares of the company’s stock worth $148,000 after buying an additional 2,041 shares during the period.

About Global X Cybersecurity ETF

The Global X Cybersecurity ETF (BUG) is an exchange-traded fund that is based on the Indxx Cybersecurity index, a modified market-cap-weighted global index of companies selected on the basis of revenue related to cybersecurity activities. BUG was launched on Oct 25, 2019 and is managed by Global X.